Seeing bearish movement to the trend line on the daily timeframe to perform the 3rd touch. Also spotting bullish hidden divergence but could play out once we reach the trend line.
GBPCHF broke the support trend line, retested it, and now we're in the spike phase. We also spotted bearish hidden divergence on the 4hr timeframe (with the broker we use on MT4, not visible on TradingView) which could confirm the push down before seeing the continuation upwards with the bullish hidden divergence spotted on the daily timeframe.
4hr timeframe we spot bullish divergence and a potential head and shoulders formation. We also see on the 1hr timeframe that it broke resistance, retested it, and now we're in the spike phase. Could see a long opportunity of 208 pips
We spotted bearish hidden divergence on the 4hr and Daily timeframe, and we broke the support trend line, meaning we could see a 100+ pip push down
In tandem with my previous swing trade trading idea in the link below, a check on the hourly divergence shows the short term reversal to bull remains very much in force. A short term long target to 1.32 levels still looks on the cards. For long positions, look to take profit around that level. Thereafter, going back to midterm swing trade, look to short this...
Divergence formed at 1Hr time frame, Potential counter trend short, with 1:1 Risk Reward ratio.
Sell scenario for Eur/Gbp. W1, D1 and H4 view. I hope you will enjoy it and I will keep working on my English.
USDSGD is forming bearish hidden divergence indicating bearish reversal & if we see dollar index is also down cox of double top formation in dollar index chart so good to go on this reversal trade.
Hello dear followers,traders and newcomers nor bulls and bears. In this TA I would like to show you mid/long term follow up of bear / bull divergences as well as share a opinion on current local top because of many factors and indicators You can see Bear divergence at the ATH (Indicators going down in overbought area & price going still up) Previously you...
During one of my bottom calls I was pointing to Mar-May as area to watch for Bearish divergence to come and there you go How relative is the relative strenght index ? What is RSI ? If you do not know exactly then you´re at the right place ! I will reveal you the Mystery of sucesfull RSI divergence trading. Once you will master it you will make way more...
We see a nice Stochastic Divergence plus a 61.8 Fibonacci retracement on the GBP/USD Daily chart to go short, Exit is open, Stop Loss should be above a Parabolic SAR dot at the H4 Chart (easy but effective).
Signs are there Just have to see. As always use stop losses.
Hey Traders, On the EUR/USD 4HR time frame we have a lower low lower close, since then price action rallied into resistance which was once support providing us with a double top, first test RSI was extremely overbought as I have my settings at 80/20, conventional is at 70/30. On the second test, we have bearish divergence. We can get involved in two ways: 1....
Hi all, Previously, I posted a bullish analysis on XVG where a regular bullish divergence could be seen on the 4hr and 1hr chart. Along with the descending wedge, I assumed a reversal would be possible, and reaching newer highs. I went long on the breakout, but soon realized that oscillators did not validate the price action. Although a bullish divergence was...
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